Digital Asset Management Statistics


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Digital Asset Management Statistics 2023: Facts about Digital Asset Management outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Digital Asset Management, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Digital Asset Management Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Digital Asset Management Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 38 Digital Asset Management Statistics on this page 🙂

Digital Asset Management “Latest” Statistics

  • According to projections, the global market for digital transformation would increase at a compound annual growth rate (CAGR) of 16.5% from $469.8 billion in 2020 to $1,009.8 billion by 2025. (Research&Markets, 2020).[1]
  • By 2023, it is anticipated that digitally transformed businesses would account for $53.3 trillion, or more than half of the global GDP (IDC, 2020).[1]
  • By 2022, the world’s GDP is expected to be digital to the tune of 65%. (IMF, 2020).[1]
  • 70% of businesses either have or are developing a digital transformation strategy (PTC, 2019).[1]
  • Digital transformations are thought to have helped industrial firms the most (PTC, 2019).[1]
  • A digital business plan has already been embraced by 55% of startups (IDC, 2018).[1]
  • A digital business strategy has been embraced by 38% of traditional organizations (IDC, 2018).[1]
  • 89% of businesses either have or are preparing to implement a digital business strategy (IDC, 2018).[1]
  • Services (95%), financial services (93%), and healthcare (92%) are the top industries adopting digital business strategies (IDC, 2018).[1]
  • 39% of executives believe their digital transformation activities will pay off in three to five years (Fortinet, 2018).[1]
  • 21% of businesses in North America and Europe claim to have completed their digital transformation (Forrester, 2018).[1]
  • Only 17% of organizations with lower levels of digital maturity indicated they sell digitally connected items, compared to 58% of those with higher levels (Deloitte, 2020).[1]
  • Digital technology adoption can hasten by 22% the achievement of business objectives like financial returns, workforce diversity, and environmental targets (Deloitte, 2020).[1]
  • In actuality, 69% of businesses with greater levels of maturity use digital technologies to reduce carbon emissions, compared to 58% of businesses with lower levels of maturity (Deloitte, 2020).[1]
  • The most effective organizations that handled the pandemic reported having a wide range of technological capacities. 67% of respondents stated they were more computer-savvy than their peers before the crisis, and 56% said they were early adopters in experimenting with digital technologies during the crisis.[1]
  • Seventy-five percent of respondents indicated they could fill IT jobs during the crisis (McKinsey, 2020).[1]
  • 41% of executives from businesses with high levels of digital maturity focused on the benefits of digital transformation for sales and marketing, while 29% said that it had a good influence on growth and innovation (Deloitte, 2020).[1]
  • 38% of executives intend to increase their technology spending to gain a competitive edge (McKinsey, 2020).[1]
  • 70% of businesses believe that their CEO’s practical knowledge of emerging technology is adequate or above average (Futurum, 2018).[1]
  • Initiatives for digital transformation are either owned by or sponsored by 28% of chief information officers and 23% of chief executive officers (Altimeter, 2019).[1]
  • 37% of IT projects undertaken by businesses globally aim to enhance customer experience (Flexera, 2021).[1]
  • Market growth for asset management systems is anticipated to continue between 2020 and 2025, with a CAGR of 10.3%.[2]
  • Proper Asset and Inventory Tracking is Missing in 43% of Small Businesses.[2]
  • Despite the need for adequate security, research has found that 35% of corporate data is not safeguarded at all.[2]
  • In the “State of Digital Asset Management” report, recently released by Brandfolder and Demand Metric, figures revealed that 51% of marketers lose money generating or rebuilding assets that go unused because users don’t know they exist or can’t discover them.[3]
  • A little over 40% of marketers assert that they struggle to find digital assets and do not have a single reliable source of information.[3]
  • Content marketers who have incorporated a DAM platform manage their assets in 34% less time each week.[3]
  • In an August 2021 BNY Mellon research, 72% of institutional asset managers stated they intended to create asset tokenization solutions.[4]
  • The value of cryptocurrencies on the world market in August 2021 exceeded $2 trillion, more than doubling the value at the end of 2020.[4]
  • After only ten years of existence, the total market value of cryptocurrencies has surpassed that of gold by about 20%.[4]
  • By 2020, businesses will spend more than $5 billion on managing their digital assets.[5]
  • SaaS marketing receives 20% of the marketing technology spend.[5]
  • A DAM system can potentially raise high fives in your firm by 500% and assist marketers to shorten their time to market.[5]
  • According to one study, 40% of firms are speeding up their transition to the cloud because of the effects the worldwide epidemic has had on how we operate.[6]
  • With a Compound Annual Growth Rate (CAGR) of 13.6%, the size of the worldwide Digital Asset Management (DAM) market is anticipated to increase from USD 4.2 billion in 2022 to USD 8.0 billion by 2027.[7]
  • During the anticipated period, the digital asset management market is anticipated to grow at a CAGR of 18.58%.[8]
  • The digital transformation initiatives have gained traction during the pandemic, and as a result, marketing departments are focusing on producing more digital content and creative output, implementing new digital experience technologies, and investing in customer data and analytics, according to a study of 1,600 marketing and creative professionals conducted by Bynder in 2021.[8]
  • According to a study done by Adobe in February 2021 of 13,000 companies and agency experts for selling, advertising, e-commerce, innovative, and IT professionals worldwide.[8]

Also Read

How Useful is Digital Asset Management

One of the most significant advantages of DAM is the ability to streamline workflows and increase productivity within an organization. By providing a centralized repository for all digital assets, DAM platforms eliminate the need to search through numerous files, folders, and software applications to find the right content. This not only saves time but also ensures consistency in branding and messaging across all channels.

Furthermore, DAM systems enable teams to collaborate effectively on projects by providing access to the same assets from anywhere at any time. This is especially important in today’s remote work environment, where employees may be working from different locations or time zones. With DAM, teams can easily track changes, share feedback, and work on projects collaboratively, resulting in faster turnaround times and improved overall efficiency.

Additionally, DAM systems help organizations safeguard their valuable digital assets by providing robust security features, such as access controls, encryption, and versioning. This ensures that only authorized users can access and modify assets, reducing the risk of unauthorized use, theft, or duplication. By maintaining control over their digital content, companies can protect their intellectual property and prevent potential security breaches.

Moreover, DAM platforms offer advanced metadata capabilities that make it easy to categorize, tag, and search for assets based on specific criteria. This not only simplifies the process of asset retrieval but also enhances discoverability and optimizes content for search engines and audiences. By adding metadata to assets, organizations can categorize, organize, and repurpose content quickly and efficiently, improving the overall user experience and increasing the value of their digital assets.

In conclusion, the usefulness of Digital Asset Management cannot be overstated. From streamlining workflows and increasing productivity to enhancing collaboration and improving content security, DAM systems offer a wide range of benefits to organizations looking to better manage their digital assets. By investing in a robust DAM platform, companies can optimize their digital content, streamline their processes, and stay ahead in today’s competitive business landscape.

Reference

  1. financesonline – https://financesonline.com/digital-transformation-statistics/
  2. gocodes – https://gocodes.com/asset-management-statistics/
  3. komarketing – https://komarketing.com/industry-news/report-digital-asset-management-remains-critical-to-content-marketing-success-4315/
  4. bnymellon – https://www.bnymellon.com/us/en/insights/all-insights/digital-assets-from-fringe-to-future.html
  5. bynder – https://www.bynder.com/en/blog/digital-asset-management-fun-facts/
  6. forbes – https://www.forbes.com/sites/forbesbusinesscouncil/2020/07/22/a-look-into-the-future-of-digital-asset-management/
  7. globenewswire – https://www.globenewswire.com/news-release/2022/04/05/2416276/0/en/The-global-Digital-Asset-Management-DAM-market-size-is-projected-to-grow-from-USD-4-2-billion-in-2022-to-USD-8-0-billion-by-2027-at-a-Compound-Annual-Growth-Rate-CAGR-of-13-6.html
  8. mordorintelligence – https://www.mordorintelligence.com/industry-reports/digital-asset-management-dam-market

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